Adviser to the PM on Finance Dr Abdul Hafeez Shaikh on Sunday chaired the third meeting of the government-led ‘Thinktank’ where the participants selected six broad priority domains. Row over wheat purchase persistsUnlike the handout issued after the previous meeting, the ministry was silent on the issue of monetary policy. There was also no mention of inflation that fell to single-digit level in April, creating room for a further interest rate cut. According to the finance Ministry, the forum decided that fiscal proposals including changes in the rates of sales tax, refunds, etc. The forum comprises eminent public finance practitioners, financial analysts, bankers, development and monetary economists and academia.

Source: The Express Tribune May 03, 2020 18:33 UTC